Withdrawing from US local Bank in Africa

I will soon be travelling through some African nations like Senegal, Kenya etc. Now I have had some people say United States Dollars are withdrawable from a US Bank Debit Card. I use Metabank and Chase Bank N.A, hence I wanted to ask, are there ATMs in Africa one can withdraw United States Dollars from, especially using my US Local Bank ATM.

I need to be sure of what I am doing here.

money africa

Best Answer

In most countries you shouldn't expect to find an ATM that will pay out in US dollars. But most ATMs will be happy to give you the local currency and bill your bank, and you bank will than convert the withdrawal to your currency.

Some ATMs will offer to do the currency conversion for you so your bank sees a transaction in USD. Usually this will give you a worse exchange rate than your bank would, but you may want to have an idea what the bank's rate is so you can judge if the machine's offer is a good deal.

Ask your bank whether the card you have is valid with international ATM networks or domestic-only. Many bank issue both kinds, sometimes under different names. US banks often want to be notified in advance before their cards are used abroad, so you'll need to talk to them anyway.

Consult guides for the particular places you're going to get advice on how difficult it is to find ATMs there in general.

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Withdrawing from US local Bank in Africa - From above of United States currency folded in roll placed on USA flag illustrating concept of business profit and wealth

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Withdrawing from US local Bank in Africa - From above of small American flag placed on stack of 20 dollar bills as national currency for business financial operations

Can you withdraw money from any bank location?

You generally can use your debit card to withdraw money at an ATM owned by another bank, or at an ATM owned by a third-party provider in a location such as a convenience store or restaurant. Both your bank and the owner of the ATM could charge you a fee for the transaction by deducting it from your bank balance.

Can I open an american bank account from South Africa?

A foreigner can open a bank account in the US. Most small banks only allow US citizens and permanent residents to open up bank accounts. These banks require a social security number, which non-citizens don't have.

How can I withdraw money from net banking?

Click Internet Banking in the Withdrawal section of your Personal Area. Select the trading account you would like to withdraw funds from, choose the withdrawal currency, and specify the withdrawal amount in your account currency. Click Next. A summary of the transaction will be shown.

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